DIMENSIONALITY OF PERSONAL FINANCIAL MANAGEMENT OF TEACHING AND NON-TEACHING PERSONNEL IN A HIGHER EDUCATION INSTITUTION

Autor(i)

  • Exequiel R. Gono Jr. PhD, Professional Schools, University of Mindanao, Philippines
  • Reynaldo C. Castro PhD, Professional Schools, University of Mindanao, Philippines

DOI:

https://doi.org/10.46827/ejmms.v10i2.1998

Ključne riječi:

business administration, personal financial management, teaching and non-teaching personnel, mixed methods, exploratory factor analysis, higher education institution

Sažetak

This study addressed the issue of poor personal financial management practices among teaching and non-teaching personnel in higher education institutions. The main objective was to explore the underlying factors influencing their financial behaviors through data-driven analysis. Employing a quantitative research design, the study involved 333 teaching and 238 non-teaching personnel from a higher education institution. Simple random sampling was used for the survey, and data were analyzed using Exploratory Factor Analysis (EFA) to identify latent financial management dimensions. The results for teaching personnel revealed key factors such as budgeting discipline, savings behavior, and investment awareness. For non-teaching personnel, the analysis highlighted retirement planning, purchase discipline, and insurance awareness as dominant factors. Both groups demonstrated similarities in budgeting practices and saving habits, but differed in financial priorities, with teaching personnel focusing more on investment and non-teaching personnel on protection planning. These findings imply the need for differentiated financial education programs that consider role-specific financial concerns, aiming to enhance financial well-being across all employment categories in educational institutions.

 

SDG #: 1 No Poverty; 4 Quality Education; 8 Decent Work and Economic Growth 

 

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Biografije autora

  • Exequiel R. Gono Jr., PhD, Professional Schools, University of Mindanao, Philippines

    Exequiel R. Gono Jr. is a graduate school faculty member at the College of Teacher Education of the University of Mindanao, Matina Campus. He is a member of the Philippine Statistical Association, the Philippine Association of Researchers and Statistical Software Users, The Philippine Association for Teacher Education, Mathematics Teacher Education, and the Philippine eLearning Society (Member). His research interests are Mathematics Education, Assessment of Learning, Mathematical Modeling, and Applied Statistics. Dr. Gono has authored and co-authored research publications such as Probabilistic Estimation of Passing the Pharmacist Licensure Examination, Redefinition of the Parameters of Meaningful Mathematics Learning, Obstacles in Pursuing Business among Entrepreneurship Students, Status of mangroves and faunistic components in Vanishing Island, Island Garden City of Samal, and Estimating Technical Efficiency of Academic Departments of a Philippine Higher Education Institution.

  • Reynaldo C. Castro, PhD, Professional Schools, University of Mindanao, Philippines

    Reynaldo Castro has a bachelor’s and master’s degree in economics and a doctorate degree in organizational studies with a Dean’s Citation Award. He is currently the Vice President for External Relations and International Affairs of the University of Mindanao (UM). He’s responsible for promoting and expanding linkages and networking of UM, which includes the Asian International Mobility of Students (AIMS), the Asian University Presidents’ Forum (AUPF), and the Association of Universities in Asia and the Pacific (AUAP). He handled various international projects with the Philippine-Australia Human Resource Organization and Development Facility, and the ERASMUS Mobility Plus. He is an accreditor of the Philippine Association of Colleges and Universities Commission on Accreditation or PACUCOA, and an assessor of the Institutional Sustainability Assessment (ISA) of CHED and of the Philippine Quality Award of the DTI. He is the University of Mindanao’s lead champion on its submission to the Times Higher Education Impact Ranking and the institution’s application to the Philippine Quality Award, where it received the Level IV award.

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2025-07-26

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